National Energy Services Reunited Corp. (NESR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q4'23 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 | Q2'20 | Q1'20 | Q4'19 | Q3'19 | Q2'19 |
|---|
| Sales/Revenue | 404.59M | 398.26M | 295.31M | 327.37M | 303.1M | 343.68M | 336.2M | 324.97M | 307.52M | 211.38M | 217.99M | 234.93M | 212.43M | 213.18M | 218.42M | 203.25M | 199.3M | 185.18M | 161.61M | 159.9M |
| Revenue Growth % | 33.48% | 15.88% | -12.16% | 0.74% | - | 11.76% | - | - | - | -0.84% | -0.2% | 15.59% | 6.59% | 15.12% | 35.16% | 27.11% | 31.37% | -8.78% | 11.01% | - |
| Cost of Goods Sold | 357.45M | 354.93M | 264.65M | 288.18M | 270.34M | 284.5M | 282.79M | 271.83M | 263.11M | 324.42M | 190.82M | 198.43M | 178.32M | 182.12M | 181.99M | 168.28M | 158.27M | 157.98M | 125.36M | 120.84M |
| COGS % of Revenue | 88.35% | 89.12% | 89.62% | 88.03% | 89.19% | 82.78% | 84.11% | 83.65% | 85.56% | 153.47% | 87.54% | 84.46% | 83.94% | 85.43% | 83.32% | 82.79% | 79.41% | 85.31% | 77.57% | 75.57% |
| Gross Profit | 47.14M | 43.34M | 30.67M | 39.19M | 32.76M | 59.18M | 53.41M | 53.14M | 44.41M | -113.03M | 27.17M | 36.5M | 34.11M | 31.06M | 36.44M | 34.97M | 41.03M | 27.2M | 36.25M | 39.06M |
| Gross Margin % | 11.65% | 10.88% | 10.38% | 11.97% | 10.81% | 17.22% | 15.89% | 16.35% | 14.44% | -53.47% | 12.46% | 15.54% | 16.06% | 14.57% | 16.68% | 17.21% | 20.59% | 14.69% | 22.43% | 24.43% |
| Gross Profit Growth % | 43.88% | -26.77% | -42.58% | -26.25% | - | 33.25% | - | - | - | -463.93% | -25.43% | 4.36% | -16.87% | 14.2% | 0.52% | -10.46% | 23.76% | -46.04% | -8.59% | - |
| Operating Expenses | 11.1M | 12.65M | 11.06M | 12.1M | 11.82M | 15.6M | 17.96M | 19.02M | 16.85M | -31.52M | 19.07M | 22.38M | 18.15M | 18.89M | 17.45M | 17.11M | 22.51M | 17.25M | 16.48M | 17.06M |
| OpEx % of Revenue | 2.74% | 3.18% | 3.75% | 3.7% | 3.9% | 4.54% | 5.34% | 5.85% | 5.48% | -14.91% | 8.75% | 9.53% | 8.54% | 8.86% | 7.99% | 8.42% | 11.3% | 9.31% | 10.2% | 10.67% |
| Selling, General & Admin | 11.1M | 12.65M | 11.06M | 12.1M | 11.82M | 10.9M | 13.27M | 14.33M | 12.16M | -31.52M | 19.07M | 22.38M | 18.15M | 18.89M | 17.45M | 17.11M | 18.63M | 17.25M | 16.48M | 17.06M |
| SG&A % of Revenue | 2.74% | 3.18% | 3.75% | 3.7% | 3.9% | 3.17% | 3.95% | 4.41% | 3.95% | -14.91% | 8.75% | 9.53% | 8.54% | 8.86% | 7.99% | 8.42% | 9.35% | 9.31% | 10.2% | 10.67% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 37K | 0 | 1000K | 0 | -130K | 0 |
| Operating Income | 36.03M | 30.68M | 19.61M | 27.09M | 20.94M | 43.58M | 35.45M | 34.12M | 27.57M | -81.51M | 8.1M | 14.12M | 15.96M | 12.17M | 18.99M | 17.86M | 18.52M | 9.95M | 19.76M | 22M |
| Operating Margin % | 8.91% | 7.7% | 6.64% | 8.28% | 6.91% | 12.68% | 10.54% | 10.5% | 8.96% | -38.56% | 3.72% | 6.01% | 7.51% | 5.71% | 8.69% | 8.79% | 9.29% | 5.37% | 12.23% | 13.76% |
| Operating Income Growth % | 72.08% | -29.6% | -44.69% | -20.59% | - | 58.11% | - | - | - | -769.68% | -57.33% | -20.94% | -13.79% | 22.34% | -3.92% | -18.81% | -7.92% | -63.77% | -23.68% | - |
| EBITDA | 69.81M | 65.93M | 54.17M | 62.97M | 56.98M | 83.19M | 69.81M | 38.81M | 63.6M | -55.73M | 42.12M | 46.23M | 46.17M | 41.17M | 51.19M | 48.22M | 47.74M | 38.33M | 41.01M | 41.91M |
| EBITDA Margin % | 17.26% | 16.55% | 18.34% | 19.23% | 18.8% | 24.21% | 20.76% | 11.94% | 20.68% | -26.36% | 19.32% | 19.68% | 21.74% | 19.31% | 23.43% | 23.72% | 23.95% | 20.7% | 25.38% | 26.21% |
| EBITDA Growth % | 22.53% | -20.75% | -22.39% | 62.25% | - | 30.81% | - | - | - | -235.37% | -17.71% | -4.13% | -3.28% | 7.4% | 24.8% | 15.06% | 23.45% | -16.16% | -18.05% | - |
| D&A (Non-Cash Add-back) | 33.78M | 35.25M | 34.57M | 35.88M | 36.03M | 39.61M | 34.36M | 4.69M | 36.03M | 25.79M | 34.02M | 32.11M | 30.21M | 29M | 32.2M | 30.36M | 29.22M | 28.38M | 21.25M | 19.91M |
| EBIT | 36.03M | 30.68M | 19.61M | 27.09M | 20.94M | 40.06M | 35.84M | 34.3M | 20.25M | -81.96M | 6.85M | 13.46M | 16.24M | 21.69M | 19.02M | 17.53M | 18.98M | 10.17M | 19.63M | 21.56M |
| Net Interest Income | -6.54M | -7.54M | -8.13M | -8.56M | -8.28M | -9.9M | -9.93M | -9.44M | -11.76M | -5.06M | -3.72M | -3.23M | -3.16M | -3.41M | -3.79M | -4.17M | -4.51M | -4.28M | -5.01M | -5.75M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 6.54M | 7.54M | 8.13M | 8.56M | 8.28M | 9.9M | 9.93M | 9.44M | 11.76M | 5.06M | 3.72M | 3.23M | 3.16M | 3.41M | 3.79M | 4.17M | 4.51M | 4.28M | 5.01M | 5.75M |
| Other Income/Expense | -5.09M | -15.71M | -7.37M | -7.62M | -7.22M | -13.43M | -9.54M | -9.26M | -19.08M | -5.51M | -4.97M | -3.89M | -2.88M | 6.11M | -3.76M | -4.5M | -4.04M | -4.06M | -5.14M | -6.19M |
| Pretax Income | 30.94M | 14.98M | 12.24M | 19.47M | 13.72M | 30.15M | 25.91M | 24.86M | 8.49M | -87.02M | 3.13M | 10.23M | 13.08M | 18.28M | 15.23M | 13.36M | 14.47M | 5.89M | 14.62M | 15.81M |
| Pretax Margin % | 7.65% | 3.76% | 4.14% | 5.95% | 4.53% | 8.77% | 7.71% | 7.65% | 2.76% | -41.17% | 1.44% | 4.35% | 6.16% | 8.58% | 6.97% | 6.57% | 7.26% | 3.18% | 9.05% | 9.89% |
| Income Tax | 7.11M | 7.17M | -5.5M | 4.27M | 3.33M | 3.32M | 5.29M | 5.99M | 6.23M | -1.23M | 1.2M | 2.41M | 1.61M | 1.76M | 3.56M | 2.85M | 2.53M | 2.17M | 3.51M | 4.45M |
| Effective Tax Rate % | 22.99% | 47.9% | -44.95% | 21.92% | 24.24% | 11% | 20.42% | 24.09% | 73.36% | 1.41% | 38.37% | 23.54% | 12.3% | 9.65% | 23.41% | 21.31% | 17.46% | 36.77% | 24.01% | 28.16% |
| Net Income | 23.83M | 7.8M | 17.74M | 15.2M | 10.39M | 26.84M | 20.62M | 18.87M | 2.26M | -85.79M | 1.93M | 7.82M | 11.47M | 16.52M | 11.67M | 10.51M | 11.95M | 3.72M | 11.11M | 11.36M |
| Net Margin % | 5.89% | 1.96% | 6.01% | 4.64% | 3.43% | 7.81% | 6.13% | 5.81% | 0.74% | -40.59% | 0.89% | 3.33% | 5.4% | 7.75% | 5.34% | 5.17% | 5.99% | 2.01% | 6.87% | 7.1% |
| Net Income Growth % | 129.3% | -70.92% | -13.97% | -19.46% | - | 1086.95% | - | - | - | -619.38% | -83.45% | -25.61% | -3.98% | 343.56% | 5% | -7.41% | -9.31% | -80.43% | -31.04% | - |
| Net Income (Continuing) | 23.83M | 7.8M | 17.74M | 15.2M | 10.39M | 26.84M | 20.62M | 18.87M | 2.26M | -85.79M | 1.93M | 7.82M | 11.47M | 16.52M | 11.67M | 10.51M | 11.95M | 3.72M | 11.11M | 11.36M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8K | -8K | -8K | -8K | 56K | 59K | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.23 | 0.08 | 0.18 | 0.16 | 0.11 | 0.28 | 0.22 | 0.20 | 0.02 | -0.94 | 0.02 | 0.08 | 0.12 | 0.18 | 0.13 | 0.12 | 0.13 | 0.04 | 0.13 | 0.13 |
| EPS Growth % | 109.09% | -72.75% | -18.18% | -20% | - | 1076.47% | - | - | - | -622.22% | -84.62% | -33.33% | -7.69% | 350% | 0% | -7.69% | -13.33% | -81.73% | -31.58% | - |
| EPS (Basic) | 0.24 | 0.08 | 0.18 | 0.16 | 0.11 | 0.28 | 0.22 | 0.20 | 0.02 | -0.94 | 0.02 | 0.09 | 0.13 | 0.18 | 0.13 | 0.12 | 0.14 | 0.04 | 0.13 | 0.13 |
| Diluted Shares Outstanding | 102.93M | 102.21M | 100.72M | 97.64M | 96.71M | 95.65M | 95.65M | 95.53M | 95.14M | 91.04M | 93.12M | 94.64M | 91.93M | 90.16M | 89.88M | 88.23M | 87.23M | 87.17M | 87.02M | 86.9M |
| Basic Shares Outstanding | 100.8M | 100.78M | 100.36M | 96.43M | 96.14M | 95.43M | 95.43M | 95.44M | 95.09M | 91.04M | 91.25M | 91.12M | 90.45M | 90.02M | 89.88M | 88.23M | 87.23M | 87.17M | 87.02M | 86.9M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |